Friday, 24 September 2010

16:42 BST SPX Update: ending diagonal to complete the rally from yesterday's low?

On the bearish count that is really it - we have to drop now:

SPX 1 min - top in at 1148.59:

If we don't, that high at 1148.59 is likely to go and that will invalidate this count, and the bullish count could take us to the 1156 level (though it might not get there since the move up from yesterday's low could well be near completion, assuming its the whole of v of (v) of [c] and not just the first wave).